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Liberty Mutual acquired Safeco in 2008 for 6.2 Billion Dollars. Since that time, the companies have become more alike than different. The one major difference is that Liberty Mutualâs auto and home products are sold through âexclusive agentsâ whil...
Liberty Mutual, which is owned by its policyholders, offered $68.25 per share for Safeco, a 51 percent premium to Safeco's Tuesday closing price of $45.23 per share. On Wednesday, Safeco's shares soared $21.02, or more than 46 percent, to $66.25, in morning trading.